Personal Financial Advisors Salary
The median pay for a personal financial advisors in Worcester, MA is $120,400/year ($57.89/hour), per BLS data. The range runs from $60K at the entry level to $296K for experienced workers. Adjusted for local prices (RPP 102.52), that's roughly $117,440 in purchasing power. Rent on a 2-bedroom averages $2,056/month, or 28.1% of estimated take-home pay.
So what does $120K get you in Worcester?
Groceries, utilities, transportation, and healthcare scaled from national averages by Worcester’s Regional Price Parity (102.52). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About personal financial advisors
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What this looks like in Worcester
Worcester sits well above the national pay line for personal financial advisors, local pay runs about 15% higher than the U.S. median of $105K. Rent runs $2,056/month for a 2-bedroom (HUD FMR), taking 28.4% of the median take-home. That's within the 30% rule, though not by much. Cost of living (RPP 102.52) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for personal financial advisors in metros near Worcester, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Boston-Cambridge-Newton | $127K | $117K |
| Springfield | $128K | $133K |
| Pittsfield | $126K | $132K |
| Amherst Town-Northampton | $145K | $145K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Worcester, MA
Entry-level personal financial advisors (10th percentile) start around $60K. Mid-career wages sit at $120K. Top earners bring in $296K or more, a $236K spread from bottom to top.
Personal Financial Advisors pay across states
Median income ranked highest to lowest, compared to the national figure
View Personal Financial Advisors salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| New York | $166K | +58% | 21,550 |
| New Jersey | $159K | +51% | 9,300 |
| California | $130K | +24% | 32,200 |
| Connecticut | $130K | +23% | N/A |
| South Dakota | $129K | +23% | 620 |
| Massachusetts | $126K | +20% | N/A |
| Delaware | $125K | +19% | N/A |
| Oregon | $123K | +17% | 3,070 |
| Illinois | $120K | +14% | 9,760 |
| Wisconsin | $119K | +14% | 5,200 |
| Washington | $114K | +9% | 5,790 |
| Vermont | $110K | +5% | 520 |
| Pennsylvania | $105K | +0% | 12,200 |
| District of Columbia | $105K | -0% | 480 |
| Minnesota | $103K | -2% | 5,280 |
| Virginia | $103K | -2% | 6,340 |
| Kansas | $103K | -2% | 4,150 |
| Georgia | $101K | -3% | 6,830 |
| Florida | $101K | -4% | 21,490 |
| Missouri | $100K | -5% | 4,480 |
| Maryland | $100K | -5% | 5,260 |
| Texas | $99K | -6% | 18,200 |
| Montana | $97K | -7% | N/A |
| Arizona | $97K | -8% | 6,430 |
| North Carolina | $97K | -8% | 12,340 |
| New Hampshire | $97K | -8% | 1,850 |
| South Carolina | $96K | -8% | 2,400 |
| Idaho | $94K | -10% | 760 |
| New Mexico | $94K | -10% | 610 |
| Nebraska | $93K | -11% | 2,210 |
| Nevada | $93K | -12% | 1,730 |
| Iowa | $92K | -12% | 1,920 |
| Ohio | $91K | -13% | 7,680 |
| Colorado | $89K | -15% | 6,730 |
| Indiana | $88K | -17% | 5,400 |
| Tennessee | $84K | -20% | 3,970 |
| Rhode Island | $80K | -24% | 1,130 |
| West Virginia | $80K | -24% | 670 |
| Arkansas | $79K | -24% | 1,320 |
| Alaska | $79K | -25% | N/A |
| Alabama | $78K | -26% | 2,540 |
| Michigan | $78K | -26% | 6,570 |
| Wyoming | $77K | -26% | 310 |
| Utah | $77K | -26% | 2,520 |
| North Dakota | $77K | -27% | 540 |
| Hawaii | $76K | -28% | 550 |
| Oklahoma | $69K | -35% | 1,140 |
| Kentucky | $67K | -36% | 2,040 |
| Mississippi | $63K | -40% | 790 |
Showing 1–10 of 49 states with published data
BLS does not publish data for every state when sample sizes are too small
Track personal financial advisors salary changes
BLS updates this data quarterly. We'll email you when Worcester numbers change.
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Frequently asked questions
Can a personal financial advisor afford a 2BR apartment alone in Worcester?
Yes — at the median salary of $120K, rent takes 28.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,056/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for personal financial advisors in Worcester?
The 10th-percentile wage — what new personal financial advisors typically earn — is $60K/year. Take-home on that works out to about $3,599/month. At HUD’s $2,056/month FMR, rent would take 57% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is personal financial advisor a high-paying job in Worcester?
Local pay is 15% above the national median — $120K here vs. $105K nationally.
How does Worcester compare to the national average for personal financial advisors?
Worcester pays $120K median vs. the U.S. average of $105K — that’s +15%. After adjusting for local cost of living (RPP 102.52), the purchasing-power equivalent is $117K — still ahead of the national median.
How much do personal financial advisors make in Worcester, MA?
The median is $120,400 a year, that works out to about $58 an hour. But the range is wide: entry-level workers start around $59,990, and experienced personal financial advisors can clear $295,870. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $120K enough to live in Worcester?
On that salary, you'd take home roughly $7,252/month after taxes. A 2-bedroom here rents for about $2,056/month, which eats 28.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a personal financial advisors salary go in Worcester?
Worcester has a Regional Price Parity of 102.52 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median personal financial advisors salary is worth about $117,440 in national-average purchasing power.
Where do personal financial advisors get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.